The Dow, S&P 500, and Nasdaq Split Ahead of a Near-Certain Rate Hike
Both of the things that started this week on a sour note eased off on Wednesday. Oil fell and bond yields backed away from 5%; The market responded by going in three different directions at once.
The Nasdaq Composite (^IXIC -0.01%) was up 0.7% as of 12:41 p.m.
» Read more about: The Dow, S&P 500, and Nasdaq Split Ahead of a Near-Certain Rate Hike »
Read MoreSensex Today | Stock Market LIVE Updates: GIFT Nifty hints at weak start; US stocks slip, Asia rises after Fed rate hike
Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services
Indian equities are likely to remain cautious amid elevated crude prices, continued Foreign Institutional Investor selling and uncertainty ahead of the US Federal Reserve’s policy decision.
Brent crude remains above USD 108/bbl,
Federal Reserve interest rate raise could impact South Florida housing market
MIAMI-DADE COUNTY, Fla. — For the first time in three years, the Federal Reserve, in an effort to curb persistent inflation, raised interest rates by a quarter percent.
It’s a move that could impact South Florida’s local housing market.
“I think it comes at a tough time in South Florida,” said Adrie Bailey,
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Read MoreFederal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House.
The quarter-point increase lifts the Fed’s key rate to about 3.9% and,
Read MoreMortgage Rates Little-Changed to Start New Week
It was a fairly uneventful day for mortgage rates to start the new week. The underlying bond market was slightly stronger. This suggests slightly lower interest rates. The average mortgage lender lowered top-tier 30yr fixed rates by 0.01% compared to Friday.
Underlying motivation for the bond market can mostly be attributed to lower oil prices,
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Read MoreThe Burst
1 AI Stock To Avoid In 2024
The story and hype around artificial intelligence drove a whole wave of technology stocks higher in 2023. Some of the gains were well-deserved and others, like Broadcom, might have mushroomed to unsustainable levels for 2024.
We took a peek at the financials to see if the current valuation matches with the price and,
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Read MoreThe Ivy
Can eBay Skyrocket by 33%?
As ever more customers are turning to online retail, global e-commerce revenue is projected to grow at an annual growth rate of 9.5%, reaching an astonishing volume of $6.48 trillion by 2029.
Among the most promising e-commerce firms now is arguably one of the original pioneers in the space, eBay. Here’s why.
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